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A big growth 2018 sees Equinox Gold flagging total Dec 2019 (FY/CY19) gold production from its 2 new operations of 230,000oz-265,000oz at AISC $US900oz-$950oz.The Mesquite open-pit heap leach mine in S California, US, acquired during Q4 18, is expected to produce 145,000oz-160,000oz at $950oz-$1,000oz, and the Aurizona open pit in NE Brazil 85,000oz-105,000oz at $800oz-$875oz after a construction start in Jan 2018 and aiming for commercial production around the end of Q1 19.

Equinox Gold has graduated from explorer/developer to gold producer with the closure of its $US158M cash acquisition of the producing Mesquite Gold Mine in California, US, from New Gold.The acquisition was funded via combination of debt/equity, including a private placement for $75M, a $100M acquisition credit facility and a $20M credit facility.

Equinox Gold has closed the $US75M brokered and non-brokered private placements for its $158M acquisition of the Mesquite Gold Mine in California, US, from New Gold.Equinox’ chairman and largest shareholder Ross Beaty took up $10M of the placements, which consisted of an underwritten brokered 34.2M subscription receipts and a non-brokered 68.4M subscription receipts at $C0.95 each.

99.75% of Equinox Gold shareholders at special meeting have approved the spin off all the company’s copper assets into a newly incorporated, stand-alone company Solaris Copper, with 60% of Solaris shares going to Equinox Gold shareholders and the rest to Equinox Gold.

Equinox Gold and some minority shareholders of the 350tpd Koricancha ore processing facility in Peru have agreed to sell the mill to Inca One Gold for $C16.3M, plus some recoverable taxes.Koricancha is 50km from Inca's ore processing facility and its acquisition immediately more than doubles Inca's current throughput from 100tpd to 250tpd.

The PFS on Equinox Gold’s $US489M total capex, 100%-owned Castle Mountain Gold Mine in San Bernardino County, California, US, envisages 2.8Moz of gold and more than $1B pre-tax cash flow over a 16-year LoM at current gold prices, with ore stacking/commissioning by the end of 2019.